Steico SE

Board/Management Information • Oct 24, 2008

News Details

Corporate | 24 October 2008 08:40

STEICO Aktiengesellschaft: Change to STEICO AG’s Managing Board

STEICO Aktiengesellschaft / Change of Personnel

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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Change to STEICO AG's Managing Board

Feldkirchen (Munich), October 24, 2008 – STEICO AG's CFO, Mr. Thomas Frei
exited the company's Managing Board on October 23, 2008. The CEO, Mr. Udo
Schramek will take over Mr. Frei's activities until further notice.

Company profile:

The STEICO Group develops, produces and sells ecological construction
products made of renewable materials. STEICO leads the European market for
wood-fiber insulation materials with a market share of more than 40%.
STEICO is positioned as a system provider for ecological wood construction.
The company's product range includes wood-fiber insulation materials,
hemp-based products and I-joists as construction elements. The production
of natural fiber boards (NFB) rounds off the company's vertical integration
and extensive product range – which are unique in the industry. The
Munich-based company's products are successfully used in home building for
floors, walls, ceilings and roofs.

STEICO's products enable the construction of future-proof, healthy
buildings which offer a particularly high quality of living. STEICO's
products offer reliable protection from cold, heat and noise and also
improve the climate within the house. The products' ecological and
functional quality is guaranteed by the independent natureplus®
certification. In addition, STEICO's wood-fiber insulation materials have
been honored with the FSC® certificate (Forest Stewardship Council) for
exemplary environmental protection.

The STEICO Group has competitive advantages such as production and sales
expertise, three large, fully integrated production facilities close to key
markets, international sales and a well-established brand.

The business model offers major opportunities. This is due to factors
including the potential that STEICO's products offer to save energy and to
improve the quality of living. The strong growth in environmental and
health consciousness as well as state subsidization programs for
environmentally friendly construction are regarded as being long-term
drivers for the market for ecological construction products.

Its strategic planning focuses on developing new products, growing market
shares and increasing internationalization. The funds from the IPO in June
2007 have enabled the company to further bolster the Group's solid
foundations and also to secure its long-term growth.

Contact:
Andreas Schulze
STEICO Aktiengesellschaft
Hans-Riedl-Strasse 21
85622 Feldkirchen
Fon: +49-(0)89-99 15 51-48
Fax: +49-(0)89-99 15 51-97
E-Mail: schulze@steico.com
www.steico.com

24.10.2008 Financial News transmitted by DGAP

Language: English
Issuer: STEICO Aktiengesellschaft
Hans-Riedl-Str. 21
85622 Feldkirchen
Deutschland
Phone: +49 - (0)89 - 99 15 51 - 0
Fax: +49 - (0)89 - 99 15 51 - 99
E-mail: info@steico.com
Internet: http://www.steico.com
ISIN: DE000A0LR936
WKN: A0LR93
Listed: Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in
Frankfurt

End of News DGAP News-Service

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